PRIME MINISTER'S EMPLOYMENT GENERATION PROGRAMME (PMEGP)Download

PMEGP is a central sector scheme administered by the Ministry of Micro, Small and Medium Enterprises (MoMSME). The scheme is implemented by Khadi and Village IndustriesCommission (KVIC) functioning as the nodal agency at the national level. At the state level, the scheme is implemented through State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centers (DICs), and Coir Board, known as the Implementing Agencie

Benefits of PMEGP

• 1. Bank-financed subsidy program for setting up new microenterprises in non-farm sector.
• 2. Margin Money subsidy on Bank Loan ranges from 15% to 35% for projects up to Rs. 50 Lakh in manufacturing and Rs. 20 Lakh in the service sector
• 3. For beneficiaries belonging to special categories such as SC/ ST / Women/ PH/ Minorities/ Ex-Servicemen/ NER, the margin money subsidy is 35% in rural areas and 25% in urban areas.

Eligible Applicants:

• 1. Any individual, above 18 years of age is eligible
• 2. There will be no income ceiling for assistance for setting up projects under PMEGP
• 3. No Educational Qualification is required for project cost up to 10 Lakhs for manufacturing and up to 5 Lakhs for service sector
• 4. Beneficiaries should possess at least VIII standard pass educational qualification for setting up of project costing above Rs.10 lakh in the manufacturing sector and above Rs. 5 lakh in the business /service sector (i) Self Help Groups (including those belonging to BPL provided that they have not availed benefits under any other Scheme),
  (ii) Institutions registered under Societies Registration Act, 1860,
  (iii) Production Co-operative Societies, and,
  (iv) Charitable Trusts are also eligible for assistance under PMEGP.
• 5. Existing Units (Under PMRY, REGP or any other scheme of Government of India or State Government) and the units that have already availed Government Subsidy under any othe scheme of Government of India or State Government are not eligible

Additional Information

• 1. To generate employment opportunities in rural as well as urban areas of the country through setting up of new self- employment ventures/projects/micro enterprises.
• 2. To bring together widely dispersed traditional artisans/ rural and urban unemployed youth and give them self-employment opportunities to the extent possible, at their place.
• 3. To provide continuous and sustainable employment to a large segment of traditional and prospective artisans and rural and urban unemployed youth in the country, so as to helparrest migration of rural youth to urban areas.
• 4. To increase the wage-earning capacity of artisans and contribute to increase in the growth rate of rural and urban employment